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34 Wooleys Lane
About This Property
Step into a sunlit interior with a flowing layout and a renovated chef's kitchen, complete with dual sink, high-end appliances, and ample counter space. The second floor features 4 spacious bedrooms and 2 full bathrooms. The walk-out lower level adds versatility with an office and full bathroom. The first and second floors combined total approximately 2350 sq ft, while the lower level adds another approximately 722 sq ft, for a total of approximately 3071 sq ft of living space .
Conveniently located near the LIRR, places of worship, parks, shops, and restaurants, this home is as practical as it is inviting. Zoned for EM Baker Elementary School, as well as Great Neck North Middle and High Schools. Access to Great Neck Park District amenities including Parkwood pools, tennis, and ice skating, in addition to Stepping Stone park.
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What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
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Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
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About Great Neck
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Data Source: OneKey MLS
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